Location: Barbour County, AL | Metro: Barbour County, AL
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $920 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,280 |
| 5 Bedrooms | $1,485 |
| 6 Bedrooms | $1,663 |
| 7 Bedrooms | $1,796 |
| 8 Bedrooms | $1,886 |
U.S. Census Bureau data (2024)
The ZIP code 36048 presents a notable opportunity for landlords interested in Section 8 tenants. With a population of 1,203, nearly one-third (30.4%) are renters, indicating a substantial demand for rental housing in the area. This percentage suggests that the ZIP is renter-heavy, conducive to a robust voucher program presence.
The median household income in 36048 is $44,158, which provides a baseline for assessing the affordability of typical market rents. The average market rent of $666 represents approximately 15% of the median household income. This figure is lower than the Fair Market Rent (FMR) set at $790 for the fiscal year 2026 in the metropolitan area, indicating that the market rent in 36048 is below the federally determined threshold for affordable housing. Landlords can leverage this discrepancy to attract tenants who might otherwise struggle to find housing within their budget.
In comparison to the FMR, landlords in 36048 can expect to receive slightly less than the federal standard, but still above the current market rent. This means that while the federal voucher may cover the entire rent amount, there is room for negotiation and potential increases without pushing tenants into financial distress.
The tenant profile in this ZIP will likely include individuals and families who rely on government assistance for housing. These tenants are typically responsible and understand the importance of maintaining their housing subsidy. Landlords should prepare for a mix of long-term residents and those transitioning towards self-sufficiency. Given the income levels and the relatively low market rent compared to the FMR, landlords can anticipate a steady flow of applicants who qualify for the Section 8 program.
With these factors in mind, landlords and small-portfolio investors in ZIP 36048 can position themselves effectively in a market characterized by significant rental demand and a reliance on housing vouchers. The area's economic conditions make it an attractive location for Section 8 participation, ensuring both occupancy and a manageable rent burden for tenants.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.